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Ceekay Daikin`s board decides to issue equity shares

The board of Ceekay Daikin in its meeing on 14 December 2009 has accepted the resignation of Hidehito Hisakawa, director of the company.

The board has decided to issue 19,75,200 equity shares of face value of Rs 10 to Exedy Corporation and Mahesh B Kothari & Predeep B Chinai (CKG Promoter) on preferential allotment basis subject to the approval of the members of the company in general meeting by way of special resolution as required to be passed under the provision of Companies Act, 1956 as well as such other provision of SEBI (ICDR) Regulation, 2009 and such other approvals, consent, sanction etc. as may be required for this purpose.

The board has decided to convene an extra ordinary general meeting of the shareholders of the company on 13 January 2010 for this purpose.

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